M-Files Delivers 37 Percent Revenue Growth in 2017 and Exceeds 750 Percent Over the Last Six Years

M-Files 2018 and the Intelligent Metadata Layer fuel strong global performance with a new system-neutral approach for accessing and managing information across the enterprise without migration

M-Files Corporation today announced 2017 growth metrics and corporate achievements, reaffirming its position as the most innovative and fastest-growing provider in the enterprise content management (ECM) and content services platforms (CSP) space.

M-Files grew revenue by more than 37 percent in 2017 over 2016, including strong growth in both direct sales and through its global partner network, now numbering more than 600 partners worldwide. The Company also achieved a 121 percent increase in cloud revenue in 2017. Continued strong growth in the Company’s SaaS (Software-as-a-Service) business, along with accelerating market acceptance of its unique intelligent information management platform, has fueled sustained revenue growth of more than 750 percent over the last six years.

M-Files also opened offices in France, Australia and Canada in 2017, with the French office resulting from the acquisition of Steamdesign, a local French M-Files partner. In addition, M-Files has been aggressively hiring with an increase in staff of over 12 percent in 2017.

M-Files focused on expanding artificial intelligence (AI) capabilities in 2017, partnering with ABBYY, a global provider of innovative language-based and artificial intelligence technologies. Then in August, M-Files acquired Apprento, a Canada-based provider of AI technology solutions that brought new natural language processing (NLP) and natural language understanding (NLU) technologies to the M-Files platform. In December, M-Files launched M-Files 2018, a major new product release that represents a fundamental step forward in how businesses manage information. M-Files 2018 and the new Intelligent Metadata Layer (IML) provide a unified and simple interface that leverages AI to enable users to quickly access and use documents and other information regardless of the system in which they are stored. The resulting approach allows businesses to innovate and improve how they manage information in a flexible and phased manner without disturbing existing systems and processes and without complex migration projects.

“Our incredible track record of rapid growth is a direct result of our commitment to customer success and aggressive investment in our unique approach and innovative technologies that change how companies manage the overwhelming amount of information they confront daily,” said Miika Mäkitalo, CEO at M-Files Corporation. “We’re performing exceptionally well in all key areas of the business, far outpacing the market and any individual competitor. M-Files 2018 and the new Intelligent Metadata Layer are not only changing our business, they have changed the definition of the market by the analysts who now describe a new, more dynamic and flexible approach that is system-neutral and intelligent. This is our vision; it’s shaping the market in profound ways, and if the uptake on M-Files 2018 in December is any indication, 2018 will be another year of record-breaking growth.”